I dont think 29 would be too bad. Thats only 2 inches taller speaking from a ground clearance issue.
As far as a lift kit one can be made by making extended shock mount for the back, That should be good for 4 inches or so. The forks would pose an issue unless you could use a dirt bike front end or longer forks from another ATC.
As for the longer swinger check out the Kawi riders forum. There is a guy there that make shaft drive extended swingers. They are around 400-500 I think. If he cant do the drive shaft I know most basic machine shops can build a drive shaft.
It would be alot of work but worth it in the end to have a one of Big Red. Longevity might not be there clutch wise but run the lightest tire you can with an ITP blue label type rim.
Good luck
1987 Honda 200X 90% way through frame up.
1987 CR500R Motor, Soon to be a 540 ATC motor
1986 250R frame, For now
2008 Honda 700XX
2004 KFX700 Torque monster!
2011 Can-Am Commander 1000X
Looking for misc Liquid R parts